Operating Plans and Budgets 

Objectives

At the conclusion of this workshop, participants will be able to:

• Explain the types, advantages and uses of budgets
• Identify budgeting weaknesses
• Define key budgeting terms and concepts
• Develop a master budget including all underlying schedules
• Prepare pro forma financial statements
• Describe the importance of cash budgeting and cash flow
• Develop a cash budget
• Describe the relationship between cost behaviors and budget variances